2020 was the worst year on record for retail sales growth with in-store non-food declining by 24% compared with 2019. These results have also been reflected in footfall, which was down over 40% in 2020. After some retailers embraced rapid increases in demand, others found their doors closed for the third time at the end […]
Hope Capital is delighted to announce the launch of the Nineties Collection for commercial property. The collection comprises two new bridging loan products, providing even more affordable and innovative solutions to brokers and their clients. The two products, the Hope 90 and the Hope 94 are highly competitive bridging loan facilities designed specifically for commercial […]
The outstanding value of non-emergency lending by banks to SMEs has dropped by 10% from £168bn in December 2019 to £152bn in December 2020, shows new research from ACP Altenburg Advisory, the debt advisory specialist. ACP Altenburg Advisory says the research shows that once CBILS and BBLS loan schemes come to an end, SME businesses […]
A new report by the British Business Bank reveals how private debt has become a valuable source of finance for smaller businesses across the UK since the 2008 economic crisis – with £18.4bn of lending in 2018 and 2019. Private debt is often the only or most viable funding solution for smaller businesses and mid-cap […]
Small business funders are on notice to ensure they have funding options that address business owners’ needs as they look to recover in 2021, according to national small business research. The SME Growth Index is conducted twice a year by East & Partners on behalf of ScotPac , Australia’s largest non-bank SME funder. The most recent […]
Packager First 4 Bridging (F4B) has expanded its intermediary proposition with the launch of the F4B Network. The F4B Network was created on the back of demand from intermediary introducers who have previously utilised the packagers vast expertise across the specialist lending markets. The F4B Network has assembled a comprehensive lending panel consisting of mainstream, […]
Assetz Capital has the capacity to accept approaching £100m of new IFISA investment immediately and is looking forward to a bumper ISA season as the only lender of significant scale left in the market this year. The peer-to-peer lender – who has lent over £1bn to UK businesses – is now the only large player […]
In their annual SME financing research conducted by Linkflow Capital, more than half of SMEs experienced improved access to financing in 2020, a significant increase from 39% in 2019. According to Linkflow Capital, up to 52% of SMEs were eligible for financing in 2020 with an average loan quantum of $310,909 secured within their platform, […]
Service has become a bigger consideration for most buy-to-let advisers in the last six months, according to research by Pepper Money. In a recent survey of advisers active in buy-to-let, Pepper Money found 82% said that service had become a bigger consideration in their product recommendations. When asked what they considered to be the most […]
A Freedom of Information request to the British Business Bank has revealed the high personal risk the owners and directors of smaller businesses have taken to secure funds through the Coronavirus Business Interruption Loan Scheme (CBILS). The request by Purbeck Insurance Services, provider of the UK’s only personal guarantee insurance to SME business owners and […]
